Consensus Cloud Solutions Sees FY24 Adj. EPS $5.08-$5.31 Vs $5.31 Est.; Revenue $338M-$353M Vs $369.046M Est.
Portfolio Pulse from Benzinga Newsdesk
Consensus Cloud Solutions forecasts its FY24 adjusted EPS to be between $5.08 and $5.31, which is below the estimated $5.31. The company also projects its revenue to range from $338M to $353M, falling short of the expected $369.046M.
February 21, 2024 | 9:48 pm
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Consensus Cloud Solutions projects lower-than-expected FY24 adjusted EPS and revenue, indicating potential challenges ahead.
The projected adjusted EPS and revenue for FY24 are both below analyst expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The significant gap between the company's revenue forecast and the analysts' expectations suggests that the company might be facing operational or market challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100